Education

Emerging Issues In Business Education

Here in this post, we will take time to discuss and analyse emerging Issues In Business Education. We hope you find this an interesting and educating read.
The business education is facing its biggest issues. However, there are some main emerging forces that have begun to influencing the future of colleges and business schools in years to come, and in this article, I will be discussing quite a number of these emerging issues. What are these emerging issues? Someone may ask!
Emerging Issues In Business Education
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What Are These Emerging Issues In Business Education?

As I said, we are going to look at these emerging issues here. Now let us begin:

1. Public Funding Issue In Business Education

Looking at the emerging issues in business education, we will first consider the issue of public funding. There is an issue here, since it is becoming quite difficult to access funds from the government, and governments on the other hand actually have less money to fund the business education programme, at least in some level of the programmes. And as a result of this, most schools have decided to merge, as we have already seen happening.

2. Demographics Issue In Business Education

Another emerging issue in business education has to do with demographics. The country facing a challenge, where it has an ageing population for instance.
Now if you decide to predict the future, the only thing that is constant there is that tomorrow the citizens of the country are likely to be older than what they are today.
In consequent, one has to only look at the demographics to actually know that some area is going to face some problems. That is how it is, and it is an emerging issue.

3. Economic Issue In Business Education

The third issue here is economic. One will agree that economic problems everywhere is seriously affecting job opportunities even for business school graduates and other participants.
Therefore, any time there is an economic problem, there is bound to be some issues in the area of job opportunities among other things.

4. Technology Issue In Business Education

Another one is the technology issue. Technology in the nearest future will become much more important. Every person knows that e-learning will become a massive challenge, and it will also be a huge opportunity for business schools and colleges.
Do not be deceived, massive open online courses, MOOC is a reality, and e-learning can even be reshuffled in such a way that may actually change the fate of schools and their numbers.
Technology will even mean that quite a number of new competitors will enter the management education market. And that also means that there will be another new type of competitors that will approach companies and organizations with executive education solutions and they can even say that, parents do not need to send all their children to the big and expensive colleges and business schools.
They can even say that, they will go into the web just for them in order to find all the necessary good stuff that are necessary and available, and also package them, as well as, sell the stuff to them at a fraction of a fee, and this is a pointer that, the traditional colleges and traditional business schools may charge.

5. Funding E-learning Issue In Business Education

Funding e-learning is yet, another issue in business education. The challenge for anyone, who entered into the e-learning field would perhaps, be on how to finance e-learning in business education, as well as, how to also develop a sustainable competitive edge or advantage. Majority of persons have become very used to in getting anything they want free from the internet.
And then, the question arises, how would they price their offering? And how would they develop a competitive edge? What will be their main success factor? Is it the school’s brand?
Or is it the faculty’s reputation? Or would it be a combination of the both? However, a big and well-renowned name can actually attract people to a website much more effectively than a lesser-known name brand. But, that out of the way, there are still yet many questions that are begging for answers.

6. Competition Issue In Business Education

As the competition in business education intensifies, differentiation will become necessarily important. The truth is that every business school usually has a different mission, whether it is regional, or national or even international. But the question that arises is on how a business school, for example, can differentiate itself from other business schools and colleges, that are almost occupying a similar niche. This, in fact, is becoming a key challenge.

7. Internal Challenging Issue Within Business Schools And Colleges

These are internal challenging issue facing business schools and colleges, that is why, there is a question, such as; what is the view in the market?
When I mention organizations or companies in respect to executive education, two issues normally come to mind. The first thing is that of the customers, that is, the customers are increasingly considering, which deal is the best.
The customers can take even longer to decide as to whether they will actually take up a specific programme; therefore, the duration of the programmes and the cost of the programme becomes an issue.
Nevertheless, the most important factor for these customers is impact. Companies and organizations more often do ask question on how relevant the academic world is at the moment.
Of recent, I was listening to a discussion among Deans of some major business schools around, and some of them have the belief that the academic world as of today is becoming more and more academic. And then the question comes, What impact do they intend to have in the world of business, comes tomorrow?

Conclusion

Business schools and colleges for instance are living in an interesting time. Nevertheless, public funding, and demographics, and economics and technology and e-learning and competition and business schools and colleges themselves among other things remained the main forces that are influencing business education.
They are going to influence the medium and long-term futures as well. However, In the area of the impact, business schools are trying to have on their participants is absolutely key. Hence getting these things right is crucial and important for future success.

 


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Joseph Athanasius

Joseph Athanasius is a Content Developer at InfoGuideNIgeria.com. InfoGuide Nigeria is a team of Resource Persons and Consultants led by Ifiokobong Ibanga. Page maintained by Ifiokobong Ibanga. If you need a personal assistance on this topic, kindly contact us.

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